Chairman said :
andI am pleased to report that the results for Albion Technology & General
VCT PLC for the six months to 30 June 2019 showed a total return of
10.08 pence per share (13.0 per cent. on opening net asset value),
compared to 6.00 pence per share for the same interim period last year,
and 9.50 pence per share for the year ended 31 December 2018. Net asset
value increased from 77.40 pence per share at 31 December 2018 to 85.15
pence per share at 30 June 2019, following the payment of a 2.00 pence
per share dividend on 28 June 2019. This shows continued strong
performance following the recovery plan of the last three years.
The key movements in the period
include: a GBP9 million uplift in the valuation of Process Systems
Enterprise following the exchange of contracts for the sale of the
portfolio company to Siemens for over 10x total funds invested;
Which augurs well for the whole range moving into the new era as this VCT invests mainly in new type investments.
Which others hold Process Systems Enterprise?